Kuala Lumpur City Center, or KLCC, is the heart of Kuala Lumpur. Sometimes described as ‘A city within a city’, KLCC is a thriving commercial, entertainment and business hub that continues to grow and develop. It is home to many historical and outstanding landmarks such as the Petronas Twin Towers and the KL Tower.
From culture and arts to dining, shopping and recreation, KLCC has something for everyone- from the youngest to the oldest.
The Petronas Twin Towers, one of Kuala Lumpur’s iconic landmarks, stands tall in KLCC
KLCC Property Prices
Due to its strategic location, KLCC is prime land and home to many high end residential properties such as The Troika and Binjai On The Park.
Property prices here have been known to go for as much as RM2,660.00 per square feet. Based on data from May 2019 to March 2020, the median price for serviced residences in this area is RM1,041.00 per square feet.
Compared to other developed countries in the region such as Hong Kong and Singapore, the per square feet property prices in Kuala Lumpur are incredibly affordable. Besides this, Malaysia’s growing and diversified economy, as well as education opportunities, give investors additional reasons to invest in property in KLCC
Passive Income from Rental Properties
Investment gains in the property market can be seen in two ways – through appreciation in the property price and through rental yields. According to Dominic C. Heaton-Watson who is associate director and international project marketing at Knight Frank, owners of branded serviced residences can earn 3.5 to 4.5 percent on branded properties.
Conveniences Around KLCC
Like many other cities, KLCC is a very convenient location to live or work. Everything you need is within walking distance. If you dislike walking in the heat, you can easily hop into a taxi or use a car sharing app and you will get to your destination in no time.
1. Shopping Malls Near KLCC
It is impossible to be in KLCC and not go shopping. There are plenty of shopping malls as well as outdoor markets. Head over to high end malls such as Starhill Gallery, Suria KLCC and Pavilion KLCC for luxury and branded goods. You will be able to find well known international brands such as Jimmy Choo and Louis Vuitton in these malls.
If you need some electronic stuff, head over to Plaza Low Yat. It is the go to place in KLCC to buy phones, cameras, laptops and other IT related items. If you like to find a bargain, Petaling Street and the KL Central Market is the place for you. You will be able to find all sorts of souvenirs and nick knacks at these street markets.
2. Dining at KLCC
With numerous races, cultures, and traditions present in Malaysia, KLCC has become a fusion of local and international cuisine. Be it comfort food, street food, or fine dining, KLCC has something for even the fussiest of palates. There are however, several restaurants that you should definitely visit when in KLCC.
Also known as the revolving restaurant at KL Tower, Atmosphere 360 Restaurant is a popular place to unwind. Its buffet spread is delicious and the views are spectacular. The Troika Sky Dining is another dining experience that you do not want to miss in KLCC. Catch the sunset and KLCC’s night lights as you dine on the most delicious dishes here.
3. Education near KLCC
If you have a family with school going children, KLCC is still a suitable place to live in despite being right in the middle of the city. There are plenty of schools located in KLCC and its surrounding areas. International schools here include The International School of Kuala Lumpur, Alnoor International School, and Alice Smith School. There are also numerous national schools that are located close by.
4. Embassies at KLCC
One of the reasons why many expatriates choose to stay in the KLCC area is due to the fact that many of the embassies are located here. The US Embassy, German Embassy, Embassy of Yemen, Embassy of Sweden, the Austrian Embassy and French Embassy are just a few of the many that are in this area.
5. Tourist Attractions Near KLCC
There are plenty of places that one can visit in KLCC. On the top of the list is the Petronas Twin Towers. At 452 meters, this magnificent landmark held the record for the tallest building in the world from 1998 to 2004. The Menara KL is another spectacular landmark to visit. This tower is 421 meters high and has an incredible view deck where you can see the skyline of Kuala Lumpur
If you have kids, head over to Aquaria KLCC, home to over 150 spices of marine life. Petrosains is another place you can visit with kids. This discovery center is a great place to learn about science and technology.
Other places that you can visit in KLCC include Jalan P. Ramlee, the KLCC Park, the Petronas Art Gallery and the Petronas Philharmonic Hall which is a 920 seater hall home to the Malaysian Philharmonic Orchestra.
The heart of Kuala Lumpur wouldn’t be what it is today if it weren’t for its easy accessibility. It is well connected to its surrounding areas as well as to the other parts of Kuala Lumpur and Selangor via main roads such as Jalan Ampang, Jalan Tun Razak and the Ampang – Kuala Lumpur Elevated Highway.
You can easily get to KLCC via public transportation as well. You can stop directly at the KLCC LRT station or other stations such as the Ampang Park LRT station and the Raja Chulan Monorail station, depending on which part of KLCC you are headed to. There is also GO – KL City Bus, a free bus service that has stops at many of KLCC’s main destinations.
Facilities Offered by Serviced Residences in KLCC
With numerous serviced residences in KLCC as well as quite a number of upcoming ones, the competition to offer the best to potential buyers is tough.
Serviced residences in KLCC usually offer sports facilities such as a swimming pool, gymnasium and badminton/tennis courts. There is usually a multipurpose hall, an outdoor area where you can have a walk as well as a barbeque area where you can cook up a delicious meal.
There is most likely 24-hour security, a concierge and valet service, as well as housekeeping and laundry services.
In addition to this, there is a trend with integrated buildings. Many serviced residences have a shopping mall or retail spaces that are connected to them.
YOO8 by 8 Conlay Checks All the Boxes
YOO8 serviced by Kempinski is a serviced residence in KLCC that has all the facilities and services that a potential owner could ever dream about.
Located at Jalan Conlay, YOO8 serviced by Kempinski is the latest branded serviced residence in KLCC. Taking up 2 of 8 Conlay’s 3 towers, YOO8 is within walking distance to the Bukit Bintang Shopping District and the Pavilion Mall.
One can easily get to and fro from YOO8 via main roads such as Jalan Tun Razak and Jalan Raja Chulan. The monorail station and LRT stations are just a short distance away. And if you are hungry, just head over to Jalan Alor, where you will be able to find an amazing variety of local food.
YOO8’s Excellent Service
One of the best parts of YOO8 is the fact that it is serviced by Kempinski, Europe’s most well-established hoteliers. Kempinski brings old school hospitality to the table and those who are living at YOO8 will most definitely enjoy their five star services.
Enjoy and relax as housekeeping and laundry is taken care of by Kempinski’s team. If you can’t decide whether to go out or stay in for dinner, Kempinski offers you a private chef service.
Other services provided by Kempinski include day care and nanny services, residence provisioning, car care and rental services, personal trainer, as well as an on call tailor who can help you with all your sartorial needs.
Potential for Rental Income
With its launching price of RM2,800.00 per square feet, YOO8 is a serviced residence that is suitable both to live in or as an investment. With many expats who are working in the KLCC area, YOO8’s fully furnished units will easily be rented out at good prices.
There are many factors that influence one’s decision to purchase a property. Built on prime land, serviced residences in KLCC are close to plenty of amenities and conveniences, enjoy easy accessibility and set to give you a return for your investment. KLCC, in essence, is a perfect place to invest in the property market.